Mandatory implementation of professional liability insurance for notaries, experts, and translators under new UAE regulations
The UAE government has issued a series of new ministerial decisions that will impact the practices of private notaries, translators, and experts involved in onshore court proceedings. The decisions, numbered 208/2024, 211/2024, and 215/2024, provide clarity and detail regarding professional indemnity insurance coverage.
These decisions are related to Federal Decree-Law No. 20/2022, No. 21/2022, and No. 22/2022, and their Implementing Regulations contained in Cabinet Decision No. 16/2024, No. 17/2024, and No. 18/2024, respectively. They cover specific types of cases, such as loss, damage, destruction of documents, negligence, breach of duty, dishonesty, fraud, deception, disclosure of information, libel, defamation, and any other compensation adjudged for professional and technical errors.
The mandatory insurance requirements have the potential to improve practices in the UAE for the better, encouraging risk management measures to reduce claims and insurance premiums. The requirements for PI coverage extend beyond negligent practices, including defamation, dishonesty, and fraud.
The new laws are likely to drive increased demand for professional liability insurance products tailored to translators, experts, and notaries. The required policy term is three years, reflecting the term of registration for professionals on the relevant UAE roll or register.
Minimum coverage amounts are substantial, particularly for policies obtained by expert and translation houses. Insurers will need to offer policy products that meet the specific requirements outlined in the Ministerial Decisions, including minimum coverage limits and non-revocable terms.
To obtain the exact specific details and requirements of these UAE ministerial decisions, such as the precise sums insured, types of covered liabilities, exclusions, and regulatory compliance procedures, one would need access to the official UAE legal gazette or the Ministry of Justice publications where these ministerial decisions are published.
In absence of direct references from the provided search results, it is recommended to consult the UAE Ministry of Justice website or official registry for these Ministerial Decisions, legal professionals or regulatory bodies specializing in UAE judicial and notarial practice, or the official texts of Ministerial Decisions No. 208/2024, 211/2024, and 215/2024, which would have the definitive insurance policy requirements.
If you require assistance in conducting a targeted search or accessing these official documents, feel free to ask.
The mandatory professional indemnity insurance requirements could impact the finance of translation houses and expert firms due to substantial minimum coverage amounts. To fully understand the insurance policy requirements outlined in the UAE Ministerial Decisions, consult the UAE Ministry of Justice website, official registry, or the official texts of Ministerial Decisions No. 208/2024, 211/2024, and 215/2024.
